Q1 2022 Digital Commerce sector update Qualitative insights into broader Digital Commerce trends and public and private valuations across the transaction spectrum, and interviews with today’s leaders transforming the sector. Important disclosures appear at the end of this report GP Bullhound Corporate Finance Ltd and GP Bullhound Asset Management Limited are authorised and regulated by the Financial Conduct Authority GP Bullhound Inc is a member of FINRA GP Bullhound Hong Kong Limited is authorised and regulated by the Securities & Futures CommissionTakeaways ? Shifting commuter preferences and ongoing investment in green infrastructure, such as bike lanes, create structural tailwinds for micromobility players MICROMOBILITY MOVES INTO THE MAINSTREAM ? As the market matures and consolidation continues, new monetisation opportunities are arising; from data monetisation through AI, to partnerships with public transport providers THE VIEW Q1 Digital Commerce perspectives from GP Bullhound ? Unique digital assets are growing in demand as an alternative to established physical art and collectibles market EXPLOSIVE YET VOLATILE GROWTH IN THE NFT MARKET ? Significant